Tax & Accounting Blog

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Much “To Do” About Something-The New Repair Regs

The newly issued repair regulations seem to be all the buzz…  After much anticipation, new tangible property regulations were released, replacing both the proposed regulations (issued March of 2008) and the long-standing current regulations.  These new temporary regulations, effective for taxable years beginning on or after January 1, 2012, update the prior rules and serve … Read More

Paying Foreign Employees Part 5: Working Abroad

Paying Foreign Employees Part 5: Working Abroad

Whether the U.S. rules for withholding and reporting on income even apply to compensation paid to foreign employees working abroad depends on the residency status of the employee. U.S. citizens and green-card holders who work abroad for U.S. companies remain subject to U.S. payroll taxes and Form W-2 income reporting. Substantially present residents remain subject … Read More

2012 ACT Conference Recap from Disney

2012 ACT Conference Recap from Disney

The 2012 ACT Conference sessions wrapped up with topics focused on automation, processes, and the future of the tax department. Attendees had the opportunity to attend a number of sessions that addressed different approaches to saving time. Stephen McGerty, VP and Head of ONESOURCE Tax Provision and Workflow, Thomson Reuters presented with Marcia Aulenback, VP of … Read More

The Ripple Effect of an R&D Tax Credit Study’s Real Costs

The Ripple Effect of an R&D Tax Credit Study’s Real Costs

What is the most time consuming part of your current R&D tax credit study process? I asked this question to more than 130 tax professionals who joined my co-sponsored webcast with one of our major pharmaceutical manufacturing clients: Automating R&D Tax Credit Management. Of the respondents, 50% said that scheduling, conducting, or documenting interviews through narratives was … Read More